The Second Wave of Globalization Is Distinct from the First

Multiple Choice

The second wave of globalization is distinct from the first in all of the following respects except

A) the second wave has been characterized by liberalization of trade policies
B) value is now added to a single product in several different countries before it reaches its final destination
C) nearly one-third of all trade is now conducted by multi-national enterprises
D) the opening of capital markets has occurred on a much larger scale in the second wave
E) the second wave has been less influenced by immigration than the first wave